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They will examine the current market backdrop for distress and defaults, highlight key sector and issuer-specific themes, and review notable developments across liability management, litigation, and bankruptcy. The discussion is designed to help investors frame risk, identify potential catalysts, and track changes in the restructuring and legal environment shaping investment outcomes.

• Midyear outlook for U.S. leveraged finance, defaults, distress, and market technicals
• How macro and technical factors are influencing stressed and distressed opportunities

Special Situations Themes

• Key sector themes and issuer-specific catalysts across the special situations universe
• Highlighted credits we are monitoring in stressed and distressed markets

Liability Management and Documentation

• Year-to-date 2026 liability management transaction trends
• Covenant and documentation developments impacting creditor positioning

Legal and Restructuring Developments

• Notable special situations litigation with potential implications for recoveries and creditor dynamics
• Bankruptcy highlights, key case developments, and emerging post-petition themes